Public Bank and IBBM sign MoU
www.btimes.com.my 2 hours ago
Public Bank Bhd and the Institutes of Banks Malaysia (IBBM) has signed a Memorandum of Understanding (MOU) to impart training and education through 'The Charted Banker Education Pathway' for its employees.
"Our chairman Tan Sri Dr Teh Hong Piow has often said that banking is about peo...
Kenanga lowers JCY net profit forecast
www.btimes.com.my 2 hours ago
Kenanga Research has lowered JCY International Bhd's net profit forecast for the 2013 and 2014 financial years by 80 per cent and 14 per cent, respectively, to account for a lower gross profit margin assumption.
The research house said lacklustre personal computer (PC) demand had sup...
China HSBC flash PMI hits 7-mth low, fans growth fears
www.thestar.com.my 2 hours ago
BEIJING: China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to concerns that a recovery in the world's second-largest economy is sputtering.
AirAsia shares down after fall in Q1 profit
www.btimes.com.my 3 hours ago
Shares in AirAsia Bhd, Southeast Asia’s biggest budget airline by passenger traffic, were down in early trading on Thursday after the company’s quarterly profit fell sharply.
Late on Wednesday, the airline reported a 39.23 per cent drop in first-quarter profit, hurt mainl...
Ringgit opens sharply lower
www.btimes.com.my 4 hours ago
The ringgit was traded sharply lower against the US dollar, in early session, this morning, on lack of buyinginterest, a dealer said.At 9.10am, the local unit was quoted at 3.0345/0375 per greenback, from yesterday's close of 3.0205/0225.The dealer said investors' interest were shifted...
Short-term rates to remain stable
www.btimes.com.my 4 hours ago
Short-term interbank rates are expected to remain stable today as Bank Negara Malaysia intervenes to absorb excess liquidity from the financial system.
The central bank estimated today's liquidity at RM22.343 billion in the conventional system and RM8.561 billion in Islamic funds.
Ba...
KL shares open lower, extend losses
www.btimes.com.my 4 hours ago
Share prices on Bursa Malaysia opened lower, in early trade, on continued selling of heavyweights, dealers said.
As at 9.23am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI), declined 2.06 points to 1,781.82, after opening 6.32 points easier at 1,777.56.
Comments by US Federal Res...
US stocks ease in choppy trading
www.btimes.com.my 6 hours ago
NEW YORK: US stocks Wednesday ended lower following a choppy day of trading as the market weighed exit signals on the Federal Reserve's exceptionally loose monetary policy.
The Dow Jones Industrial Average dropped 80.41 (0.52 per cent) to 15,307.17.
The broad-based S&P 500 gave up 13...